Technical Analysis of TIME TECHNOPLAST Ltd (TIMETECHNO)
The technical analysis chart of TIME TECHNOPLAST Ltd (TIMETECHNO) on a 1-hour timeframe. The chart includes price action, support and resistance levels, Fibonacci retracements, a short-term target, and an RSI indicator.
Key Observations:
Price Action:- The price is currently trading near the 0.236 Fibonacci retracement level of the recent uptrend. There is potential for a pullback towards the 0.382 level or even the 0.50 level before resuming the uptrend.
Support and Resistance:- The 360.00 level acts as a key support level. If the price breaks below this level, it could signal a potential reversal. The 460.00 level is a significant resistance level and a potential target for profit booking.
Fibonacci Retracements:- The 0.618 and 0.786 Fibonacci retracement levels are also important to watch, as they could provide further support or resistance.
Short-Term Target: The short-term target is set at 430.00. If the price reaches this level, it could be a good opportunity to take profits.
RSI Indicator: The RSI is currently below 50, indicating that the stock is oversold. This could suggest a potential rebound in the price.
Trading Strategy based on my Technical Analysis:
Buy Above 388.00: If the price breaks above the 336.00 level, it could signal a potential reversal and a resumption of the uptrend. Traders could consider buying at this level to accumulate average.
Buy More Above 377.45: If the price breaks above the 377.45 level, it could indicate a stronger uptrend. Traders could consider starting to buy at this level.
Book Profit Above 460.00: If the price reaches the 460.00 level, it could be a good opportunity to take profits, as this level represents a significant resistance area.
Disclaimer: This analysis is based on the technical analysis with the help of indicators. It is important to conduct your own research and consider other factors before making any investment decisions. Technical analysis is not foolproof, and past performance does not guarantee future results. I am not SEBI registered person to suggest any stock.
Thanks for your support as always
The technical analysis chart of TIME TECHNOPLAST Ltd (TIMETECHNO) on a 1-hour timeframe. The chart includes price action, support and resistance levels, Fibonacci retracements, a short-term target, and an RSI indicator.
Key Observations:
Price Action:- The price is currently trading near the 0.236 Fibonacci retracement level of the recent uptrend. There is potential for a pullback towards the 0.382 level or even the 0.50 level before resuming the uptrend.
Support and Resistance:- The 360.00 level acts as a key support level. If the price breaks below this level, it could signal a potential reversal. The 460.00 level is a significant resistance level and a potential target for profit booking.
Fibonacci Retracements:- The 0.618 and 0.786 Fibonacci retracement levels are also important to watch, as they could provide further support or resistance.
Short-Term Target: The short-term target is set at 430.00. If the price reaches this level, it could be a good opportunity to take profits.
RSI Indicator: The RSI is currently below 50, indicating that the stock is oversold. This could suggest a potential rebound in the price.
Trading Strategy based on my Technical Analysis:
Buy Above 388.00: If the price breaks above the 336.00 level, it could signal a potential reversal and a resumption of the uptrend. Traders could consider buying at this level to accumulate average.
Buy More Above 377.45: If the price breaks above the 377.45 level, it could indicate a stronger uptrend. Traders could consider starting to buy at this level.
Book Profit Above 460.00: If the price reaches the 460.00 level, it could be a good opportunity to take profits, as this level represents a significant resistance area.
Disclaimer: This analysis is based on the technical analysis with the help of indicators. It is important to conduct your own research and consider other factors before making any investment decisions. Technical analysis is not foolproof, and past performance does not guarantee future results. I am not SEBI registered person to suggest any stock.
Thanks for your support as always
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.